--- title: Warren Buffett Just Ripped Cryptocurrency to Shreds description: Warren Buffett does not invest in Bitcoin, Ripple, or other cryptocurrencies, and believes that they will come to a bad ending. authors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Investing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2018-01-10T15:56:02.000Z' modified: '2024-04-17T07:37:07.000Z' section: Investing tags: - Bitcoin - Cryptocurrency - ethereum - ripple - Virtual Currency - Warren Buffett word_count: 271 canonical: https://money.com/warren-buffett-bitcoin-ripple-invest-cryptocurrency/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Berkshire Hathaway Inc. Chief Executive Officer Warren Buffett Interview](https://img.money.com/2018/01/warrenbuffettbitcoin-in-840924780.jpg) *Warren Buffett, chairman and chief executive officer of Berkshire Hathaway.* Warren Buffett does not know when prices for Bitcoin and other cryptocurrencies will crash, but the billionaire investor said "with almost certainty" that things are going to take a turn for the worse. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," Buffett said during a Wednesday morning interview on [CNBC's "Squawk Box."](https://www.cnbc.com/2018/01/10/buffett-says-cyrptocurrencies-will-almost-certainly-end-badly.html) Buffett said he had no idea about how or when things would go bad for Bitcoin and other cryptocurrencies, however: "When it happens or how or anything else, I don't know." The value of Bitcoin, the most popular of the virtual currencies, has shot from $775 to over $19,000 over the past 12 months, possibly turning hundreds of [early investors into billionaires](https://money.com/there-could-be-as-many-as-200-bitcoin-billionaires-in-the-world-right-now/) along the way. But recently, Bitcoin, Ripple, Ethereum, and other [digital currencies have been crashing](https://money.com/ripple-bitcoin-cryptocurrency-crash/). Buffett gave the impression that he is mystified by, and wary of, cryptocurrencies. He said his company, Berkshire Hathaway, does not own any Bitcoin futures, nor is it taking a short position for Bitcoin or other cryptocurrencies. "I get into enough trouble with things I think I know something about," Buffett said. "Why in the world should I take a long or short position in something I don't know anything about?" Buffett's take on Bitcoin is unsurprising given that he simply does not believe in get-rich-quick strategies. He has made billions with a simple, disciplined approach, investing in businesses he understands and believes will thrive over the long haul. What's more, Buffett is known for ignoring gimmicks, and always [reacting carefully and cautiously](https://money.com/million-dollars-warren-buffett-way-tips-advice/) when the market is heating up or going south. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/warren-buffett-bitcoin-ripple-invest-cryptocurrency/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Investing", "item": "https://money.com/investing/" }, { "@type": "ListItem", "position": 3, "name": "Cryptocurrency", "item": "https://money.com/cryptocurrency/" }, { "@type": "ListItem", "position": 4, "name": "Warren Buffett Just Ripped Cryptocurrency to Shreds" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/warren-buffett-bitcoin-ripple-invest-cryptocurrency/#webpage", "url": "https://money.com/warren-buffett-bitcoin-ripple-invest-cryptocurrency/", "name": "Warren Buffett Just Ripped Cryptocurrency to Shreds", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2018-01-10T15:56:02.000Z", "mainEntity": { "@id": "https://money.com/warren-buffett-bitcoin-ripple-invest-cryptocurrency/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/warren-buffett-bitcoin-ripple-invest-cryptocurrency/#breadcrumb" }, "dateModified": "2024-04-17T07:37:07.000Z" }, { "@type": "Article", "headline": "Warren Buffett Just Ripped Cryptocurrency to Shreds", "articleSection": "Investing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2018/01/warrenbuffettbitcoin-in-840924780.jpg", "width": 4000, "height": 2667, "caption": "Berkshire Hathaway Inc. 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